• Oil Up Over Draw in U.S. Crude Inventories, Bright OPEC Fuel Demand Outlook 12 May 2021 05:57 By Gina Lee Investing.com – Oil was up Wednesday morning in Asia after data showed a larger-than-expected draw in U.S. crude supplies and the Organization of the Petroleum Exporting Countries (OPEC) remained to be optimistic about the outlook for fuel …
  • Rupee falls 17 paise to 73.51 against US dollar in early trade 12 May 2021 05:32 MUMBAI: The Indian rupee slumped 17 paise to 73.51 against the US dollar in opening trade on Wednesday tracking weak domestic equities and strong American currency. Forex traders said investors are awaiting cues from the US CPI and domestic inflation and …
  • Pricey or promising? IT midcap leaves analysts split into 2 conflicting camps 12 May 2021 04:28 NEW DELHI: The most consistent tier-II IT firm has driven a wedge in the analyst community over the stock's prospects, as a strong rally since the April 2020 low has brought its valuations at par with industry leader TCS. The stock has corrected about …
  • 3 Top-Rated Stocks Should Be on Every Energy Investor’s Radar 11 May 2021 21:58 The global demand for oil and gas is reviving from its pandemic low owing to the gradual reopening of major economies. Because oil prices are expected to peak in July, we believe energy stocks China Petroleum (NYSE:SNP) & Chemical Corporation (SNP), …
  • Novavax Down Second Straight Day On Concerns About Delays 11 May 2021 18:49 By Dhirendra Tripathi Investing.com – Novavax (NASDAQ:NVAX) extended losses for the second consecutive day, plunging 12% in Tuesday’s trade a day after the vaccine maker said it is pushing back its timetable for seeking regulatory approvals for its Covid- …
  • Recovery impacted as supply chain disrupted, demand contracts: PHD Chamber 11 May 2021 15:42 Re-emergence of Covid-19 cases in India and resultant partial lockdowns and curfews in many parts of the country in April have impacted the pace of economic recovery with disruptions in supply chains and contraction in demand, industry body PHD Chamber of …
  • Rupee pares losses to close flat at 73.34 against US dollar 11 May 2021 11:17 MUMBAI: The rupee pared its early losses to close almost flat at 73.34 (provisional) against the US dollar on Tuesday amid a lacklustre trend in the domestic equity markets. At the interbank forex market, the local unit opened lower at 73.47 against the …
  • Rupee falls 18 paise to 73.53 against US dollar in early trade 11 May 2021 07:41 The Indian rupee slumped 18 paise to 73.53 against the US dollar in opening trade on Tuesday tracking weak domestic equities and strong American currency. Forex traders said concerns over rising COVID-19 cases also weighed on investors' sentiment. At …
  • Rupee Settles 16 Paise Higher At 73.35 Against Dollar; Rises For 3rd Session 11 May 2021 01:28 The rupee rose by 16 paise to close at 73.35 (provisional) against the US dollar on Monday, marking its third straight session of gains on the back of positive domestic equities and weak American currency. At the interbank forex market, the rupee opened at …
  • Oil pares gain after pipeline unveils timeline to restore service, gold steady 10 May 2021 21:19 Crude rally eases as Colonial Pipeline to resume service  Crude prices were slightly higher after the Colonial Pipeline remained closed for a third day following a cyber-attack.  Energy markets didn’t bite that this would be a prolonged delay as the spike …
  • Carry positions can hurt exchange rate and cause inflation, says SBI 10 May 2021 20:13 A huge buildup of carry positions could negatively impact the exchange rate and lead to inflation, State Bank of India’s (SBI)’s economic research arm warned on Monday. “With significant open positions in USD-INR carry trade, a vibrant non-deliverable …
  • Novavax Drops on Reports of Vaccine Delay 10 May 2021 17:56 By Christiana Sciaudone Investing.com --  Novavax (NASDAQ:NVAX) slumped 7% after reports that it is unlikely to seek emergency use authorization for its Covid-19 vaccine in the U.S. until at least June. In February, Novavax’s president of research and …
  • Rupee settles 16 paise higher at 73.35 vs dollar; rises for 3rd session 10 May 2021 14:19 The rupee rose by 16 paise to close at 73.35 (provisional) against the US dollar on Monday, marking its third straight session of gains on the back of positive domestic equities and weak American currency. At the interbank forex market, the rupee opened at …
  • Indian rupees trades below 20 against UAE dirham 10 May 2021 08:20 The Indian rupee opened higher on Monday morning, gaining 18 paise to 73.33 against the US dollar (19.98 versus the UAE dirham), and is supported by positive domestic equities. The rupee fell below 20 against the UAE dirham on Friday and has been staying …
  • Rupee rallies 18 paise to 73.33 against U.S. dollar in early trade 10 May 2021 07:24 The Indian rupee advanced by 18 paise to 73.33 against the U.S. dollar in opening trade on Monday supported by positive domestic equities. At the interbank forex market, the local unit opened at 73.34 against the U.S. dollar, then inched higher to 73.33, …